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Optimal Blue Rolls Out Innovations in New UI, Generative AI, Originator Capabilities and New No-Cost Solutions

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced its extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live. New capabilities will be introduced into the core platform beginning in mid-September and continuing through the Optimal Blue Summit, a national user conference being held in San Diego in February.

Rate-and-Term Refinances Surge 109% MoM in Aug. 2024 as Mortgage Rates Decline

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.

Optimal Blue today announced it will host its inaugural Optimal Blue Summit from Feb. 3-5, 2025

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced it will host its inaugural Optimal Blue Summit from February 3-5, 2025, at the Marriott Marquis San Diego Marina. Set against the scenic backdrop of San Diego Bay, the Optimal Blue Summit 2025 will bring together clients from across primary and secondary mortgage networks to connect, learn, and share best practices for pricing and profitability.

July 2024 Refinance Activity Hits Highest Levels Since Sept. 2022 says Optimal Blue

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.

Optimal Blue announces AI capabilities and ongoing strategy focused on addressing real-world challenges for mortgage lenders

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face.

To Revolutionize Inclusive Sports, The Miracle League and Stack Sports ‘Team Up’

PLANO, Texas /Massachusetts Newswire - National News/ -- Stack Sports, the leading provider of sports management solutions, is excited to announce the signing of its new strategic partnership with The Miracle League, an organization focused on providing opportunities for children with disabilities to play Miracle League baseball.

Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.

Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions. Competitive Data License draws upon direct-source loan data from the Optimal Blue PPE, which is used to price and lock over 35% of loans in the United States.

As part of continued 2024 partnership, Sports Connect will serve as official sports technology partner of FCA Sports programs

PLANO, Texas /Massachusetts Newswire - National News/ -- Stack Sports, the leading provider of sports management solutions, announced the renewal of its multi-year partnership with Fellowship of Christian Athletes (FCA) Sports, an interdenominational Christian sports ministry working to see the world transformed by Jesus Christ through the influence of coaches and athletes.

May 2024 Market Advantage mortgage data report reveals a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.

Mortgage Technology Veteran Joe Tyrrell named as new CEO at Optimal Blue

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.

Optimal Blue announced launch of Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue announced the launch of its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This comprehensive brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue's position as the housing industry's only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions.

Mortgage Purchase Lock Counts See First YoY Gain Since Fed Rate Hikes Began 2 Years Ago says Optimal Blue

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today released its April 2024 Originations Market Monitor report, which reveals the first year-over-year increase in purchase mortgage lock counts since the Federal Reserve initiated rate hikes in March 2022.

Optimal Blue’s Brennan O’Connell, director of data solutions, has been honored with 2024 HousingWire Rising Stars award

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced that Brennan O'Connell, director of data solutions, has been honored with the 2024 HousingWire Rising Stars award. The award program celebrates emerging leaders in real estate and mortgage who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones before the age of 40.

Rick Allen promoted to Chief Operating Officer (COO) at Optimal Blue

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue today announced that it has elevated Rick Allen to chief operating officer (COO). Most recently serving as Optimal Blue's chief administrative officer, Allen brings more than 35 years of experience in the housing industry to his senior leadership role. Throughout his tenure at Optimal Blue, Allen has played an integral role in the enhancement and delivery of products to add exceptional value to the company's clients.

Average Homebuyer Credit Score Hits the Highest Mark in Years – Optimal Blue Issues March 2024 Originations Market Monitor

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue released its March 2024 Originations Market Monitor report, which reveals the average homebuyer credit score has reached 737 - an all-time high since the company began tracking this data in January 2018. Despite the potential buyer pool being somewhat limited to borrowers with higher credit, rate lock volume showed steady month-over-month growth of 17% in March as the spring buying season got underway.

Optimal Blue announced that it has appointed Sara Holtz as chief marketing officer

PLANO, Texas /Massachusetts Newswire - National News/ -- Optimal Blue announced today that it has appointed Sara Holtz as chief marketing officer. As a seasoned marketing and communications leader, Holtz brings more than 20 years of career experience, including a decade of driving change in the mortgage industry. As chief marketing officer, Holtz will drive unified marketing and communications strategies to advance Optimal Blue's business priorities and further extend the company's influence.

Optimal Blue Feb. 2024 Originations Market Monitor report reveals that the spring homebuying season has kicked off with a jump

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue released its February 2024 Originations Market Monitor report, which reveals that the spring homebuying season has kicked off with a jump in monthly purchase mortgage locks. The seasonal spike in purchase locks propelled a net increase in origination activity, even as higher interest rates led to steep declines in mortgage refinances.

Mike Schommer, Optimal Blue VP of Finance, Honored as a 2024 HousingWire Finance Leader

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue announced its vice president of finance, Mike Schommer, has been honored as a 2024 HousingWire Finance Leader. The award program celebrates senior finance executives who have exhibited exceptional leadership in corporate finance, capital markets, and accounting within the mortgage and real estate sectors.

Optimal Blue releases its Originations Market Monitor report for Feb. 2024

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through January month-end. Leveraging daily rate lock data from the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine - the Originations Market Monitor provides a comprehensive and timely view into origination activity.

Optimal Blue, a leader in mortgage secondary marketing tech, earns 2024 HW Tech100 Award

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue announced its selection by HousingWire as a Tech100 Mortgage award winner. Now in its 12th year, HousingWire's Tech100 award program spotlights the most innovative and impactful tech organizations in housing.

Optimal Blue PPE Now Available in Native Mobile App, Giving Loan Officers ‘Pricing in Their Pocket’

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue announced releases related to its publicly listed, native mobile app for the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine. The releases consist of a new mobile app for Android, as well as enhancements to the company's mobile offering for iOS.

Optimal Blue Originations Market Monitor: December 2023 Brought Significant Growth in Rate/Term Refinance Volume

PLANO, Texas /Massachusetts Newswire - National News/ -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through December month-end. Leveraging daily rate lock data from the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine - the Originations Market Monitor provides a comprehensive and timely view into origination activity.

KIS Technologies and Payfactory partner to simplify payment processing and enhance client experience

PLANO, Texas /Massachusetts Newswire - National News/ -- KIS Technologies, LLC, a leading provider of kiosks, ticketing and parking technology, announces a new partnership with Payfactory. The collaboration meets KIS Technologies' goals to accelerate the payment process, expedite onboarding and offer a higher level of service to clients.

KIS Technologies, a live event technology company, appoints Ron Wilson as company president

PLANO, Texas /Massachusetts Newswire - National News/ -- KIS Technologies, LLC, a leading provider of kiosks, ticketing and parking technology, announced today that it has appointed Ron Wilson as its new President, effective immediately. Wilson brings a proven record of success at innovative technology companies.

KIS Technologies Names Chase Petersen as Sr. Business Development Manager

PLANO, Texas /Massachusetts Newswire - National News/ -- KIS Technologies, a suite of smart, secure, simple solutions for the ticketing industry, today announced the addition of Chase Petersen as Sr. Business Development Manager. Petersen will be located in the Plano, Texas office.

Plano TX Performer Takes the Stage for 80th Time as Scrooge in NTPA’s Production of ‘Scrooge, the Musical’

PLANO, Texas, Dec. 7, 2020 (SEND2PRESS NEWSWIRE) -- North Texas Performing Arts announces that Plano resident Darrell Rodenbaugh, who has played the title role of Scrooge since the tradition began in 2011, is again taking the stage in its 10th annual Christmas celebration of "Scrooge - The Musical" presented by Transamerica.

Pavaso Achieves SOC 1 Certification of Pavaso Platform for Mortgage eClosing

PLANO, Texas, June 20, 2016 (SEND2PRESS NEWSWIRE) -- Pavaso, Inc., a digital process and collaboration solutions provider, announced it has passed its Service Organization Control (SOC) 1(SM) audit for the Digital Close(SM) platform. This is the second SOC certification for Pavaso, as the company's data center has already been SOC-2 certified.

Pavaso Named Approved Vendor for eSignatures with Caliber Home Loans

PLANO, Texas, June 7, 2016 (SEND2PRESS NEWSWIRE) -- Pavaso, Inc., a digital process and collaboration solutions provider, announced it has been approved as an eSignature vendor for digital mortgages by Irving, Texas-based Caliber Home Loans (Caliber). As a result, Caliber will now accept loans from its correspondent lenders that were completed using Pavaso's Digital Close(SM) platform for eSign or eClosing.

Wells Fargo Approves Hybrid eClosings on Pavaso’s Digital Close Platform

PLANO, Texas, May 26, 2016 (SEND2PRESS NEWSWIRE) -- Pavaso, Inc. (Pavaso), a provider of digital process and collaboration solutions for the real estate lifecycle, announced that Wells Fargo has named Pavaso an approved vendor for "hybrid" eClosings. In a hybrid eClosing, select documents are printed and "wet signed," but much of the closing package is executed electronically. Effective immediately, Wells Fargo will accept loans closed on Pavaso's Digital Close(SM) platform using this hybrid process.

Arbor Bank Selects the Pavaso Digital Close Platform

PLANO, Texas, May 23, 2016 (SEND2PRESS NEWSWIRE) -- Pavaso, Inc. (Pavaso), a provider of digital process and collaboration solutions for the real estate lifecycle, announced it has signed on Arbor Bank to its Digital Close(sm) platform to conduct eClosings for all Arbor Bank mortgage customers.

Pavaso’s Vice President of Partner Strategies and Government Affairs Elected to Co-Chair MISMO Workgroup

PLANO, Texas, Feb. 25, 2016 (SEND2PRESS NEWSWIRE) -- Nancy G. Pratt, vice president of Partner Strategies and Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization (MISMO) eMortgage Workgroup at the organization's Winter Summit in January.